PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by Meiji Yasuda Asset Management Co Ltd.

Meiji Yasuda Asset Management Co Ltd. cut its stake in PepsiCo, Inc. (NASDAQ:PEP) by 0.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 134,800 shares of the company’s stock after selling 480 shares during the period. PepsiCo makes up 0.8% of Meiji Yasuda Asset Management Co Ltd.’s investment portfolio, making the stock its 20th largest position. Meiji Yasuda Asset Management Co Ltd.’s holdings in PepsiCo were worth $20,498,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Collier Financial acquired a new position in shares of PepsiCo in the 4th quarter valued at approximately $28,000. Legacy Investment Solutions LLC bought a new position in PepsiCo in the third quarter worth about $31,000. Creative Capital Management Investments LLC acquired a new position in PepsiCo during the 4th quarter valued at approximately $30,000. Bay Harbor Wealth Management LLC bought a new position in shares of PepsiCo during the fourth quarter worth about $34,000. Finally, Human Investing LLC bought a new position in PepsiCo in the 4th quarter worth about $39,000. 73.07% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently commented on PEP. Evercore ISI lowered their price objective on shares of PepsiCo from $180.00 to $160.00 in a research note on Tuesday, February 4th. TD Cowen decreased their price objective on shares of PepsiCo from $183.00 to $160.00 and set a “hold” rating for the company in a research note on Wednesday, January 8th. Jefferies Financial Group lowered shares of PepsiCo from a “buy” rating to a “hold” rating and reduced their price target for the stock from $171.00 to $170.00 in a research report on Wednesday, March 12th. BNP Paribas decreased their target price on shares of PepsiCo from $162.00 to $160.00 and set a “neutral” rating for the company in a research report on Tuesday, February 4th. Finally, Piper Sandler started coverage on PepsiCo in a research report on Tuesday, January 7th. They set an “overweight” rating and a $171.00 target price for the company. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $169.88.

PepsiCo Trading Up 0.7 %

NASDAQ:PEP opened at $146.45 on Tuesday. PepsiCo, Inc. has a one year low of $141.51 and a one year high of $183.41. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.82 and a quick ratio of 0.65. The firm has a 50-day moving average of $149.08 and a 200-day moving average of $158.73. The company has a market cap of $200.86 billion, a PE ratio of 21.07, a PEG ratio of 3.09 and a beta of 0.52.

PepsiCo (NASDAQ:PEP) last announced its earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.94 by $0.02. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The firm had revenue of $27.78 billion during the quarter, compared to analyst estimates of $27.89 billion. During the same period last year, the firm posted $1.78 EPS. The business’s revenue was down .2% compared to the same quarter last year. As a group, equities research analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be paid a dividend of $1.355 per share. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.70%. The ex-dividend date of this dividend is Friday, March 7th. PepsiCo’s payout ratio is currently 77.99%.

About PepsiCo

PepsiCo, Inc engages in the manufacture, marketing, distribution, and sale of various beverages and convenient foods worldwide. The company operates through seven segments: Frito-Lay North America; Quaker Foods North America; PepsiCo Beverages North America; Latin America; Europe; Africa, Middle East and South Asia; and Asia Pacific, Australia and New Zealand and China Region.